Constellation Software (TSE:CSU) Share Price Crosses Above 200-Day Moving Average - What's Next?

Shares of Constellation Software Inc. (TSE:CSU - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4,355.89 and traded as high as C$4,442.75. Constellation Software shares last traded at C$4,361.61, with a volume of 6,254 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CSU shares. CIBC upped their price target on Constellation Software from C$4,800.00 to C$5,300.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Raymond James upped their price target on Constellation Software from C$4,250.00 to C$4,550.00 in a research note on Monday, November 11th. UBS Group raised Constellation Software to a "strong-buy" rating in a research note on Thursday, November 21st. TD Securities increased their target price on Constellation Software from C$4,500.00 to C$4,800.00 in a research note on Monday, November 11th. Finally, BMO Capital Markets increased their target price on Constellation Software from C$4,800.00 to C$4,900.00 in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$4,875.00.

Constellation Software Price Performance

The company has a debt-to-equity ratio of 151.81, a current ratio of 0.90 and a quick ratio of 0.55. The company has a market capitalization of C$92.42 billion, a PE ratio of 103.04, a PEG ratio of 2.95 and a beta of 0.81. The firm has a 50-day moving average of C$4,519.57 and a 200 day moving average of C$4,355.89.

Constellation Software Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 10th were issued a $1.353 dividend. This represents a $5.41 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Friday, December 20th. Constellation Software's dividend payout ratio is 12.95%.

Constellation Software Company Profile

Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, Europe, and internationally. It provides mission critical software solutions for public and private sector markets. The company is also involved in the software licensing; and sale of third-party hardware.